AgriStability

AgriStability provides financial support to Canadian farmers experiencing substantial income losses due to various agricultural risks. Its financing modalities focus on compensating margin declines and encouraging consistent participation in risk management strategies.

• Compensation rate set at 80% for losses exceeding the 30% decline threshold of historical reference margins.
• Annual enrolment required with payment of a participation fee to maintain eligibility for income decline coverage.
• Potential late participation allowed for exceptional circumstances, such as natural disaster-induced financial challenges.
• Flexible coverage across different provinces with federal or provincial administration based on location.

Eligibility for the AgriStability program involves specific criteria related to the applicant's business profile and enrollment status.

• The applicant must be a Canadian producer engaged in farming activities.
• The applicant's farm must experience income declines due to production loss, increased costs, or market conditions.
• Producers need to enroll annually and submit the necessary forms by the applicable deadlines.
• Late participation is available for Nova Scotia producers affected by the 2023 floods and fires.
• The program is delivered by the federal government in Manitoba, Newfoundland and Labrador, Nova Scotia, New Brunswick, Northwest Territories, and Yukon, while it is provincially delivered in British Columbia, Alberta, Saskatchewan, Ontario, Quebec, and Prince Edward Island.

Who is eligible?

Eligible expenses

This program supports Canadian agricultural producers who face significant drops in their incomes due to various challenges. It provides financial assistance to ensure farm sustainability during tough economic circumstances.

• Provision of financial protection against significant decreases in farming income due to production loss, increased costs, and adverse market conditions.
• Assistance for late participation if farms have experienced financial hardships due to natural disasters like floods and fires.

Eligible geographic areas

AgriStability is available to farms located in specific provinces and territories across Canada as per the program's delivery method. Eligibility is determined by either federal or provincial delivery based on the region.

• Farms in Manitoba, Newfoundland and Labrador, Nova Scotia, New Brunswick, Northwest Territories, and Yukon are served by the federal government.
• Producers in British Columbia, Alberta, Saskatchewan, Ontario, Quebec, and Prince Edward Island receive the program through provincial delivery.

There are evaluation and selection criteria for the AgriStability grant.

• Eligibility based on farm income and production losses.
• Submission of required forms and fees by specified deadlines.
• Compensation rate calculation based on historical reference margins.
• Participation in the program and adherence to program guidelines.

Here is additional relevant information worth knowing for the AgriStability grant:

• Each year, enrolment, fee payment, and form submission by deadlines are required for participation.
• The program covers 80% of the loss for every dollar below a 30% margin threshold.
• Specific delivery details and administration may vary between federal and provincial jurisdictions.
• Agricultural businesses in certain regions like Nova Scotia may have additional options for late participation due to specific events like floods and fires.